BCAP's RIGH shares worth $16 million with current
Post# of 5949
Posted On: 03/29/2014 12:26:39 PM
BCAP's RIGH shares worth $16 million with current price
800K RIGH Preferred @ 10,000:1 conversion is 8 BILLION RIGH shares = $16 Million at today's trading price owed to BCAP
As for the investments of Baron: RIGH – In 2012 Baron negotiated with RIGH to restructure its Notes which included writing off debt, eliminating accrued interest, and restructuring its remaining Notes to assist RIGH in seeking funding to move forward. The revised Notes called for RIGH to convert the remaining debt upon receiving a conversion notice from Baron. RIGH has refused to honor their agreement and convert any of the notices sent to them and their President Angel Stanz has ceased all communications with Baron. Baron has a Note executed by RIGH for the purchase of 800,000 shares of Preferred stock Baron sold to RIGH in October of 2011 which paved the way for the BG Medical transaction to be completed. Baron intends on seeking the return of its 800,000 shares of Preferred since they have not been paid for and will seek to have all the debt eliminated restored. The last issuance of shares for any debt owed to Baron was in 2012 totaling 750,000,000 free trading shares and all the shares had been sold in 2012.
http://www.baroncapitalenterprise.com/
800K RIGH Preferred @ 10,000:1 conversion is 8 BILLION RIGH shares = $16 Million at today's trading price owed to BCAP
As for the investments of Baron: RIGH – In 2012 Baron negotiated with RIGH to restructure its Notes which included writing off debt, eliminating accrued interest, and restructuring its remaining Notes to assist RIGH in seeking funding to move forward. The revised Notes called for RIGH to convert the remaining debt upon receiving a conversion notice from Baron. RIGH has refused to honor their agreement and convert any of the notices sent to them and their President Angel Stanz has ceased all communications with Baron. Baron has a Note executed by RIGH for the purchase of 800,000 shares of Preferred stock Baron sold to RIGH in October of 2011 which paved the way for the BG Medical transaction to be completed. Baron intends on seeking the return of its 800,000 shares of Preferred since they have not been paid for and will seek to have all the debt eliminated restored. The last issuance of shares for any debt owed to Baron was in 2012 totaling 750,000,000 free trading shares and all the shares had been sold in 2012.
http://www.baroncapitalenterprise.com/
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